Explainer - China aims to challenge Brent, WTI oil with crude futures launch

The launch of China's yuan-denominated oil futures will mark the culmination of a decade-long push by the Shanghai Futures Exchange (ShFE) aimed at giving the world's largest energy consumer more power in pricing crude sold to Asia.WHAT ARE THE CONCERNS AMONG FOREIGN INVESTORS?- The Shanghai International Energy Exchange (INE), the unit of ShFE running the contract, has strict daily limits on the number of cancelled orders allowed per account, aimed at curbing spoofing.